基金密集出手！

Core Viewpoint - The bond market has experienced significant adjustments since July, with a notable "seesaw" effect observed between the stock and bond markets, leading to large redemptions in bond funds and adjustments in net asset value precision [1][3]. Group 1: Market Performance - As of July 28, the average return of pure bond funds was -0.05%, with only 40% of products achieving positive returns [3]. - Nearly 40 bond funds have announced large redemptions since July, compared to 19 and 14 in June and May, respectively [3]. Group 2: Redemption and Adjustments - Major fund companies, including Guotai Junan, Huashang, and others, have raised the net asset value precision of their bond funds due to large redemptions [3]. - The adjustment in net asset value precision aims to protect the interests of fund holders from adverse effects caused by the precision of net asset value [3]. Group 3: Market Outlook - The bond market is expected to maintain a volatile pattern in the medium term, with a focus on short-term recovery opportunities [5][7]. - Factors such as the improvement of deflation expectations and the easing of US-China tariff frictions are expected to exert pressure on the bond market [6][7]. - The potential for a rebound in the bond market exists, driven by the recent central bank liquidity injections and the anticipated stabilization of the economic environment [4][8].